KeyBank Provides $19.4M Loan For Office Property In Boca Raton

An office property located at 2300 Glades Road in Boca Raton has recently been involved in a closed transaction. The asset, spanning across 97,815 square feet, was the subject of a five-year, fixed-rate loan. The loan amount of $19,400,000 was provided by KeyBank on May 27, 2021. The financing is non-recourse and includes both initial and future funding.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $19,400,000
• Address: 2300 Glades Road, Boca Raton
• Market: Boca Raton

The landlord of the property is Sterling Organization, represented by Brian D. Kosoy and Gregory S. Moross. The brokers involved in the deal were Chris Drew, Brian Gaswirth, Michael DiCosimo, and Reid Carleton of JLL Capital Markets.